September Index Decrease
The average new car dealer-to-dealer trade price dropped to $3,577 per unit, over invoice. This index is based on 760 trades throughout the month of September.
71% of the traded units that made up this index were Chevy, Jeep, GMC, Nissan, and Hyundai models.
This was an 8.2% decrease over the previous month’s new car dealer to dealer average trade index price.
We’re seeing that there are now over 1.4 million new cars on the ground, nationally, which is a 62% year over year increase. The average price that selling dealerships receive for their inventory has been in decline since May 2022, as inventory and supply levels have increased across all OEMs.
This trend indicates that trade prices are dropping as inventory levels steadily rise.
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About the New Car Average Dealer-to-Dealer Trade Price Index
Dealer Trade Network’s New Car Monthly Dealer-to-Dealer Trading Price Index shows the average monthly price, relative to the vehicle’s invoice price, that new car dealerships pay other new car dealerships for new units.
About Dealer Trade Network
Dealer Trade Network uses market data and machine learning to help new car dealerships turn their floorplan faster, leading to increased revenue and higher margins. Over the last 12 months, the company facilitated the trade of 5,251 units between new car dealerships.